61,423 Shares in Norwood Financial Corp. (NASDAQ:NWFL) Acquired by Jacobs Asset Management LLC

Jacobs Asset Management LLC acquired a new position in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 61,423 shares of the financial services provider's stock, valued at approximately $1,671,000. Norwood Financial comprises 1.0% of Jacobs Asset Management LLC's investment portfolio, making the stock its 24th biggest position. Jacobs Asset Management LLC owned 0.76% of Norwood Financial at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Emerald Advisers LLC acquired a new stake in shares of Norwood Financial during the fourth quarter worth $122,000. Wells Fargo & Company MN grew its position in shares of Norwood Financial by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock valued at $142,000 after buying an additional 928 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Norwood Financial during the 4th quarter valued at about $232,000. Bank of America Corp DE raised its stake in Norwood Financial by 48.9% during the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock worth $247,000 after acquiring an additional 2,985 shares during the period. Finally, Barclays PLC lifted its holdings in Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock worth $270,000 after acquiring an additional 7,215 shares during the last quarter. Institutional investors and hedge funds own 28.08% of the company's stock.

Norwood Financial Stock Performance

Shares of NWFL stock traded down $0.42 during trading hours on Friday, reaching $26.27. The stock had a trading volume of 15,216 shares, compared to its average volume of 14,622. The firm has a market capitalization of $243.34 million, a PE ratio of 2,627.00 and a beta of 0.69. The firm has a 50-day simple moving average of $24.37 and a 200-day simple moving average of $26.60. Norwood Financial Corp. has a twelve month low of $21.25 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The firm had revenue of $20.20 million during the quarter, compared to analysts' expectations of $20.60 million. As a group, equities analysts forecast that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Tuesday, April 15th. Norwood Financial's dividend payout ratio (DPR) is 1,377.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com raised Norwood Financial from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Stephens restated an "equal weight" rating and set a $25.50 price objective on shares of Norwood Financial in a research report on Monday, April 21st.

Norwood Financial Company Profile

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits.